Desjardins Raises goeasy (TSE:GSY) Price Target to C$205.00

goeasy (TSE:GSY) had its price target upped by research analysts at Desjardins from C$190.00 to C$205.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 14.44% from the stock’s previous close. Desjardins also issued estimates for goeasy’s Q2 2024 earnings at $4.04 EPS, Q3 2024 earnings at $4.59 EPS, Q4 2024 earnings at $4.81 EPS and FY2025 earnings at $21.00 EPS.

A number of other analysts have also recently weighed in on GSY. National Bankshares increased their price objective on goeasy from C$195.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Raymond James increased their price objective on shares of goeasy from C$200.00 to C$225.00 and gave the company an “outperform” rating in a research note on Wednesday. Colliers Securities upped their price objective on shares of goeasy from C$200.00 to C$220.00 in a research note on Wednesday. BMO Capital Markets raised their target price on shares of goeasy from C$187.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Scotiabank boosted their target price on goeasy from C$183.00 to C$190.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$208.80.

goeasy Stock Performance

Shares of GSY opened at C$179.13 on Wednesday. The company’s 50 day simple moving average is C$168.74 and its 200-day simple moving average is C$154.75. goeasy has a 12-month low of C$100.03 and a 12-month high of C$192.08. The firm has a market cap of C$2.98 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.97. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25.

goeasy (TSE:GSY) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, beating analysts’ consensus estimates of C$3.92 by C$0.09. goeasy had a net margin of 33.21% and a return on equity of 25.77%. The company had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million. As a group, equities analysts predict that goeasy will post 16.6561044 EPS for the current year.

Insider Buying and Selling at goeasy

In other news, Director David Ingram sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. 22.18% of the stock is owned by insiders.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.